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U.S.-Laos Bilateral Trade and Investment Facts
The United States meets regularly with Laos to advance trade and investment issues, including implementation by Laos of the 2005 Bilateral Trade Agreement (BTA). Under the BTA, the United States extended Normal Trade Relations status (formerly referred to as "most favored nation" or MFN) to products of Laos. Laos agreed to implement a variety of reforms to its trade regime, including most favored nation and national treatment for products of the United States, transparency in rulemaking, establishment of a regime to protect intellectual property rights, and implementation of WTO-compliant customs regulations and procedures. In February 2013, Laos joined the WTO.
Laos is currently our 177th largest goods trading partner with $55 million in total (two ways) goods trade during 2013. Goods exports totaled $25 million; Goods imports totaled $31 million. The U.S. goods trade deficit with Laos was $6 million in 2013.
Laos was the United States' 183rd largest export market in 2013.
U.S. goods exports to Laos in 2013 were $25 million, down 26.2% ($9 million) from 2012.
The top export categories (2-digit HS) for 2013 were: Precious Stones (diamonds and platinum) ($6 million), Machinery ($5 million), Vehicles ($3 million), Other Base Metals (germanium) ($3 million), and Optic and Medical Instruments ($1 million).
U.S. exports of agricultural products to Laos totaled $2 million in 2013.
Laos was the United States' 151st largest source of goods imports in 2013.
U.S. goods imports from Laos totaled $31 million in 2013 a 21.9% increase ($6 million) from 2012.
The top imports categories (2-digit HS) for 2013 were: Knit Apparel ($8 million), Inorganic Chemicals ($7 million), Precious Stones (jewelry) ($6 million), Iron/Steel Products ($4 million), and Plastic ($2 million).
U.S. imports of agricultural products from Laos totaled $2 million in 2013.
The U.S. goods trade with Laos went from a surplus of $8 million in 2012 to a deficit of $6 million in 2013.
There was no U.S. foreign direct investment (FDI) in Laos (stock) that was reported in 2012.
There was no Laos FDI reported in the United States (stock) in 2012.
*NOTE: No services trade data with Laos is available